Appetite for low-carbon Al remains strong despite forecast '22 supply deficit - Norsk Hydro CEO

Demand for low-carbon aluminium is likely to remain strong into 2022 despite tight market conditions, leading executives from Norwegian aluminium and renewable energy company Norsk Hydro said.

Norsk Hydro chief executive officer Hilde Merete Aasheim and chief financial officer P??l Kildemo spoke to Fastmarkets after releasing their third-quarter results last week.
"Demand [for low-carbon material] is coming from the consumer and I think we see traction for our low-carbon products, but it is still early days," Aasheim said.
The company was one of the first to launch two distinctive "green aluminium" brands in 2019, namely Circal, which contains a minimum of 75% post-consumer scrap content, and Reduxa, which has a carbon footprint of up to 4kg of carbon dioxide (CO2) per kg of aluminium.

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